U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) Stock Price Up 2% – Here’s What Happened

U.S. Diversified Real Estate ETF (NYSEARCA:PPTY) shares were up 2% during trading on Monday . The company traded as high as $29.27 and last traded at $29.23. Approximately 8,625 shares changed hands during trading, a decline of 58% from the average daily volume of 20,423 shares. The stock had previously closed at $28.65.

U.S. Diversified Real Estate ETF Stock Down 1.3 %

The stock has a market capitalization of $43.38 million, a PE ratio of 30.42 and a beta of 0.98. The firm has a 50 day moving average price of $31.31 and a 200 day moving average price of $32.46.

Institutional Trading of U.S. Diversified Real Estate ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in U.S. Diversified Real Estate ETF in the 4th quarter worth about $27,000. Advisors Preferred LLC bought a new position in shares of U.S. Diversified Real Estate ETF in the fourth quarter valued at approximately $233,000. Finally, Arkadios Wealth Advisors increased its position in shares of U.S. Diversified Real Estate ETF by 9.4% during the fourth quarter. Arkadios Wealth Advisors now owns 15,373 shares of the company’s stock valued at $494,000 after acquiring an additional 1,325 shares during the last quarter.

U.S. Diversified Real Estate ETF Company Profile

The Vident U.S. Diversified Real Estate ETF (PPTY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks an index of fundamentally-selected and -weighted US-listed equities that derive income from the ownership or management of real estate. PPTY was launched on Mar 24, 2018 and is managed by Vident.